Select observations of the day:
Yuga Labs teases own blockchain network after crazy Otherdeed NFT mint sold out 55,000 land NFTs, bringing in record $317M, spiking gas on Ethereum Network with accusations that the contract wasn’t gas optimized and questioning whether everything was on purpose or a blunder. ApeCoin price plummets double digits since
Solana 7H outage as bots invade the network, contributing over 4 million TPS, knocking validators out of consensus and crashing the network - source
Over $80 Million stolen from DeFi lender Rari Capital/Fei. Another Compound fork has fallen victim to a reentrancy hack. $10M bounty has been announced - source - 2nd
$11M was stolen from Saddle Finance with $3.8M rescued by BlockSec - source
Failed Attack on NEAR Protocol Rainbow Bridge cost attacker 2.5 ETH. No funds were lost - source - tweet
Ethereum devs decided not to delay the difficulty bomb at least for the moment. The thinking is that there’s still hope for the Merge to be activated in the summer - source
Nym Technologies, a Swiss privacy startup unveiled a new $300 million fund to entice developers to its ecosystem. Grants will range from $50,000 to several million dollars - source
FOMC Meeting coming up May 4th
Plus more, as always. Markets have been rough. Stay safe out there
- Time moves differently in crypto. Crypto is an intricate game filled with various players operating across multiple time frames and with varying agendas. Day in, day out, the pieces are moving all across the board. Sometimes for the better and sometimes for the worse. Here’s a small glimpse of what has happened so far today in our little crypto bubble -
Chain News:
Solana 7H outage as bots invade the network, contributing over 4 million TPS, knocking validators out of consensus and crashing the network - source
Over $80 Million Stolen From DeFi Lender Rari Capital/Fei. Another Compound fork has fallen victim to a reentrancy hack. $10 million bounty has been announced - source - 2nd
$11M was stolen from Saddle Finance with $3.8M rescued by BlockSec - source
Failed Attack on NEAR Protocol Rainbow Bridge Cost Attacker 2.5 ETH. No funds were lost - source - tweet
Nym Technologies, a Swiss privacy startup unveiled a new $300 million fund to entice developers to its ecosystem. Grants will range from $50,000 to several million dollars - source
After Eight Years, Wikipedia Stops Accepting Bitcoin and Ethereum Donations related to their commitment to environmental sustainability - source
Ethereum devs decided not to delay the difficulty bomb at least for the moment. The thinking is that there’s still hope for the Merge to be activated in the summer - source
STEPN extending 3x chance Double-Minting until 2:30 PM UTC 4th May due to recent recent Solana outage - source
SWEAT: the tokenomics (phase two) - will focus on utility within the Sweat Wallet App - source
Lido for NEAR - Everstake proposes to create a liquid staking solution for NEAR Protocol as a part of the LEGO Initiative - source
THORSwap Monthly Recap: April - THORSwap V2 Launch; THORYield’s App Store Launch; THORSwap’s Q2 Roadmap Update; vTHOR (Staking 2.0); THORSwap Aggregator - source
Warning: Smartphone text prediction guesses crypto hodler’s seed phrase - source
Crypto.com Visa Cards Update - rewards getting reduced - Effective June 1st - source
SteakHut launching on Rocket Joe - “JOE Wars” - allocating 10% of the total supply. Phase 1: Deposit Phase May 1st, 6pm UTC - May 3rd, 6pm UTC - source
Bastion has created a Terra Proposal to seed and incentivize UST on Aurora. Next step in solidifying the Liquidity Foundation for Stablecoins on NEAR - source
Coinbase Cloud Collaborates With Acala Foundation in Support of Liquid Staking - source
Bifrost has successfully bid slots 21-28 before the Kusama (DOT) Parachain slots expire - source
Introducing the Basepool: a proposed partnership between MakerDAO and CurveFinance that offers unrivaled capital efficiency for stablecoin liquidity pools - source
EvoDeFi Bridge security alert: DApps that connect to EvoDeFi, such as ValleySwap and RimSwap - source
A Chads Ultimate Guide to: Checking Smart contracts - source
NFTrade (NFTD) to release its multi-chain INO launchpad for $NFTD token holders - source
Emiswap Unveils Bridge, Shiden Integration, and Enters Next Gen of DeFi - source
State of Polkadot Q1 2022: At Q1 2022 close, 13 parachains won parachain slots bonding 127.8 million DOT. Polkadot has 28 new slot auctions scheduled through February 2023 - source
Metaverse News:
Yuga Labs teases own blockchain network after crazy Otherdeed NFT mint spikes gas on Ethereum Network. Handful of users paid as high as 2.6 ETH to 5 ETH, just to get their transactions through - source
The Otherside NFT project sold out 55,000 Otherdeed lands NFTs bringing in record $317M. Mint price: 305 $APE, worth about $5,800 at the time of mint - source
ApeCoin Plummets Double Digits After Metaverse NFT Land Sale - source
Phantom Network: PXN Fair Dutch Auction Public Sale. May 4th, 20:00 PST. Total Supply: 4,000. Starting Price: 2.0e + Gas. Ending Price: 0.1e+ Gas - source
Vulcan Forged boosts PYR utility - Vulcan Assassin V.1 will be released to the community testers this Friday, 6th May 4pm GMT - source
News:
Indian IT Ministry directs crypto exchanges, VPN providers and data centers to store a wide range of user data for up to five years - source
Raises:
MYSO Finance closes their Seed Round, successfully raising $2.4M to build the leading DeFi protocol for Zero-Liquidation Loans. Investors: Huobi, Nexo, Wintermute, GSR, Hashkey, more - source
Pollen Mobile Closes Seed Funding Round for Its Next-Generation Decentralized Wireless Network - source